To portray the mood, Wall Street marked losses and the S&P 500 Futures also drop 0.85% intraday at the latest. Further, the US 10-year Treasury yields snap two-day rebound by declining 1.5 basis points to 1.96% by the press time. It should be observed that theEarlier in the day, Ukraine President Volodymyr Oleksandrovych Zelenskyy mentioned around 200K Russian troops near the border while also saying, "Today, Putin did not respond to a request for a phone call.
Elsewhere, policymakers from the European Central Bank , Bank of England , the Reserve Bank of New Zealand and the US Federal Reserve recently blamed inflation to stay hawkish. RBNZ Governor Adrian Orr and San Fransisco Looking forward, updates for Russia’s military action and Ukraine will be crucial for the investors to watch. Also important will be the second reading of the US Q4 GDP, expected 7.0% annualized versus 6.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
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